Tanjung Pinang · Subsale Market
Straits Residences Subsale — Tanjung Pinang, Penang
Current asking prices, Zac's honest take, and what to check before you buy. Ask for the current shortlist on WhatsApp.
Straits Residences is a completed freehold condominium in Tanjung Pinang, Penang, completed in 2021 by Kerjaya Prospek Property Sdn. Bhd.. It has 246 units. It launched from around RM 1.09M in 2016 — that is the launch price, not a current resale figure. WhatsApp Zac for live asking prices.
Price at a glance
Prices as at November 2026 — Developer launch prices basis. Last checked 2026-10-06. A negotiation floor, not what it trades at today.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| All units | 861–1,356 | RM1.095M | RM1,200 |
Zac’s Take
Zac Ong
Straits Residences is a British colonial-inspired serviced residence in Seri Tanjung Pinang, by Kerjaya Prospek, with 246 homes of about 861 sq ft (one bedroom) to 1,292–1,356 sq ft (two bedrooms).
It's one of the pricier buildings in the area per square foot: listings run from about RM1.1M to RM2.3M, roughly RM1,040–1,280 per sq ft. That premium buys a distinctive low-rise look and the Seri Tanjung Pinang address near Straits Quay.
Every unit is open to foreign buyers, since prices start above RM1M. As a serviced residence, check how utilities are charged and whether the title is commercial before you compare it with residential condos nearby.
Available Listings
No listings currently on file. Zac may have off-market units available.
Ask Zac about availabilityWhy buy a Straits Residences subsale (vs a new launch elsewhere)
Immediate occupancy
Move in within months, not years. Most resales complete in four to six months, a little longer if you need state consent as a foreign buyer.
Verified surroundings
Tanjung Pinang's noise levels, traffic, neighbour mix, and JMC quality are known quantities at Straits Residences.
Established maintenance
The building has a track record. Ask for the management accounts, sinking fund balance and recent meeting minutes before you commit.
How Straits Residences is priced within Tanjung Pinang
At roughly RM1200 psf, Straits Residences sits mid-band for Tanjung Pinang (RM575–1696 psf). This is the range where unit-specific factors — floor, view, renovation, facing — matter more than the address itself when you negotiate.
Building age
5 years
Completed 2021
This band is derived from the 4 tracked condo projects we hold PSF data for in Tanjung Pinang — indicative only, not a published transaction range. Compare against the Penang Price Index for areas with fuller benchmark data. Unit-level pricing varies with floor, view and renovation; ask Zac for the actual transacted comparables in this building.
Before you sign at Straits Residences — the commercial-title checks
- 1.Utility tariff in practice — Commercial title usually means commercial TNB and water rates. Ask current owners what they actually pay monthly, not what the brochure implies.
- 2.Financing margin — Some banks cap loan-to-value lower on commercial-title residential units. Get an in-principle approval before you pay a booking fee.
- 3.Short-stay house rules — Serviced-apartment does not automatically mean Airbnb is allowed. Read the current house rules — management can and does restrict short-stay letting.
- 4.Resale buyer pool — Commercial title narrows who can buy from you later. Make sure the entry price reflects that, not just the location.
- 5.Maintenance rate per sq ft — Compare the psf maintenance charge against nearby residential-title blocks. On big units the annual gap is meaningful.
Straits Residences price 2026
What Straits Residences trades at on the sub-sale market, last checked 2026-10-06.
| Asking from | RM1.09M – RM2.3M |
| PSF | RM1200 – 1696 |
| Built-up | 861 – 1,356 sqft |
| Completed | 2021 |
| Units | 246 |
Developer launch price. This is what the developer charged at launch, not what the building trades at today. Treat it as a floor for negotiation, not a guide to current value.
Recent prices. Launch price list from about RM1.095M; check current listings for resale prices.
The building is 5 years old. Still young. The defects liability period has long expired, so anything outstanding is now the management corporation’s problem and, through the sinking fund, partly yours. Check what was actually rectified.
A foreign buyer can purchase here — the RM1M minimum is cleared. Add the state levy, a flat 8% stamp duty and 3–4 months for state consent.
Selling rather than buying? The RPGT rates and the 21B retention decide what you keep — and if you are near the five-to-six-year line, the date matters more than the price.
Straits Residences for sale & for rent
Asking rents at Straits Residences ran from about RM3,800–6,500 a month in September–October 2026, from 861 sq ft one-bedrooms to two-bedrooms of about 1,290–1,356 sq ft, furnished. Rents depend on the floor, view and furnishing, so message Zac for what is actually available to buy or rent today.
Straits Residences key facts
- Developer
- Kerjaya Prospek Property Sdn. Bhd.
- Area
- Tanjung Pinang, Penang
- Type
- serviced apartment
- Tenure
- freehold
- Completed
- 2021
- Total units
- 246
- Asking PSF
- RM1200–1696
- Price from
- RM 1.09M
Tanjung Pinang — area snapshot
Price range
RM 385K – RM 385K
asking prices in area
Active projects
0
selling or under construction
Subsale condos
1
completed projects
Total tracked
2
properties in this area
Other projects in Tanjung Pinang
Other projects in Tanjung Pinang
The only other project we track here.
Straits Residences subsale — common questions
What is the price of Straits Residences?
Launch price list from about RM1.095M; check current listings for resale prices.
Is Straits Residences freehold or leasehold?
Straits Residences is freehold. I have not been able to confirm the land title class — check it with the developer, because a commercial title changes your utility tariffs and loan margin.
Can a foreigner buy at Straits Residences?
Yes. Penang Island sets a RM1,000,000 minimum for foreign buyers of strata property. Add the state levy, a flat 8% stamp duty, and 3–4 months for state consent.
How much is the rent at Straits Residences?
Asking rents ran from RM3,800 to RM6,500 a month in September–October 2026, from 861 sq ft one-bedrooms to two-bedrooms of about 1,290–1,356 sq ft, furnished. These are asking rents on the main property portals, not signed leases. Short-term holiday letting isn't allowed in condos on Penang Island, so think in one- or two-year tenancies.
When was Straits Residences completed?
Straits Residences was completed in 2021 by Kerjaya Prospek Property Sdn. Bhd., so homes here are bought from existing owners.
How big are the homes at Straits Residences?
Homes range from about 861 to 1,356 sq ft. There are 246 homes in total.